Kwik-Fit’s German Branch for Sale

Speculation that PAI, the private equity firm that currently owns the Kwik-Fit group, was interested in selling began last September when reports linked sale of the whole Europe-wide tyre and fast fit chain with Continental AG. However, at the time a spokesperson told Tyres & Accessories that the company, which had just been taken over by Schaeffler Group, had not received any sales offers. from PAI. Company representatives said Kwik-Fit does not comment on rumour and speculation.

French private equity house PAI bought Kwik-Fit from another private equity company, CVC Capital Partners, for £800 million in June 2005. The announcement followed months of speculation including suggestions that a Bridgestone/Mitsubishi collaboration came close to sealing the deal.